From Global Regulation & Policy

AML And RegTech In The UAE

The growing concern for transparency and need for reporting indicates a stronger mission to combat Money Laundering activities. Today, regulators in every part of the world are preoccupied with developing frameworks and procedures to uncover illicit funds. Their position has drastically moved from a reactive to a proactive one reflected through the issuance of various regulations pertaining to Anti-Money Laundering (AML) and Terrorism Financing (TF). This has resulted in onerous and cumbersome obligations for financial institutions, Designated Non-Financial Businesses and Professions, and any entity subject to the AML reporting obligations (the Reporting Entities).

US Rate Hikes And A Tumbling Y…